RE:RE:RE:RE:RE:I don't think any of the long term holders are worriedMIN has broken the 50 dma and holding at the 200 dma for now. Below that, there is nothing but open air down to about 80 cents, so I expect some people are being cautious and selling as a hedge. Copper is holding but also coming to a make or break situation and $3 needs to be broken. People likely hedging on a Cu failure and MIN going to 80 cents. Short term trading yes, but the macro risk is also growing as markets test their tops. MIN will follow the market short term, as it did in December 2018, and the chart is looking shaky now.
The field appears to be proceeding on time and presumably on budget. The first copper production is only months away, but in these markets, that may be longer than some investors are willing to wait. My guess is the broader markets will have another bout of serious volatility before copper is produced at Gunnison.